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The right time to Increase De Beers stake: Botswana’s mines minister

Botswana’s mines minister Bogolo Kenewendo says it’s “absolutely” the right time to discuss the government increasing its 15 per cent stake in De Beers.

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She indicated that Anglo American, which owns the other 85 per cent of De Beers, was moving closer to an initial public offering (IPO) and that Botswana was pushing for a larger stake. 

Anglo announced last week that it was likely to write down the value of De Beers from its current $7.6bn, as a result of persistent weak diamond demand, especially in China.

Botswana’s diamond, which accounts for over 70 per cent of the country’s export earnings, has been severely hit by the global slump in demand.

In the last nine months of 2024 Debswana – its 50/50 joint venture with De Beers it sold $1.53bn of rough, down 52 per cent on the same period in 2023.

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DiamondBuzz

Celebrating Perfectly Imperfect Friendships With Natural Diamonds – De Beers

A Thoughtfully Curated Natural Diamond Bracelet Collection Celebrating Friendships That Thrive Through Individuality, Connection, and Timeless Bonds

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The best friendships aren’t built on being the same, they’re built on celebrating what makes each of you different. One is the planner, the other the spontaneous one. One speaks in long voice notes, the other replies with memes. Yet somehow, it always works. It’s these beautifully imperfect bonds that deserve to be celebrated.

The Bestie Bracelet Collection honours these unique friendships through natural diamonds that symbolise strength and enduring connection. Thoughtfully designed as complementary pieces, each bracelet reflects the bond between besties who may not always match but always belong together.

Because real friendships deserve natural diamonds.

The Complementary Link Set

They say opposites attract and best friends prove it every day. One bracelet pairs bold, sculptural links with delicate chain details, while the other mirrors the story in its own distinctive way. A brilliant natural diamond sits at the heart of each design, reminding you that despite your differences, you’re connected by something timeless. Made to be worn apart but always thought of together, these bracelets celebrate friendships that are balanced, complementary and beautifully authentic.

The Aligning Rhythms Set

Some friendships simply fit. Designed as two complementary bracelets that align when brought together, this set celebrates the idea that the best relationships aren’t about being identical; they’re about bringing out the best in each other. Set with natural diamonds, no two exactly alike, the bracelets reflect the unique qualities each friend brings to the relationship. Individually elegant and even more meaningful together, they are a timeless celebration of a bond that feels effortlessly complete.

The Diamond Cipher

Every friendship has a language only the two of friends understand. Inspired by Morse Code, this bracelet uses alternating baguette and round unique diamonds to create a hidden message, subtle enough to go unnoticed, meaningful enough to last forever. Just like the bond it celebrates, every natural diamond is one of a kind, shaped by nature over billions of years, making them as timeless as the friendship they represent. Minimal design yet rich in sentiment, it’s made for the friend who knows exactly what you’re thinking with just one look.

The Eternal Circle

Some bonds never need words. Designed as two complementary bracelets, each carries one half of a timeless circle, one adorned with pavé-set natural diamonds, the other centered around a single bezel-set diamond. Distinct on their own, complete in meaning together, they celebrate a friendship that’s constant, effortless and enduring. Like real diamonds, whose extraordinary journey spans billions of years, some connections are made to last a lifetime and beyond.

Because no matter the distance, true friendships always come full circle & are truly valuable.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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